Advice on Incorporation and Insurance from Bruce
A reader asks if a laid off engineer should incorporate when starting a consulting business and about tax and liability benefits. Bruce recommends delaying incorporation at first, notes limited liability and tax options later, and highlights professional liability insurance. A second reader asks about child life insurance. Bruce says prioritize the bread winner and suggests small policies up to 5000 dollars for the kids if desired.
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Oprah Nearing Billionaire Status On Forbes Rich List
Oprah Winfrey ranks 399th on Forbes 1995 400 richest Americans with about 340 million, trailing Gates Buffett and others. The piece notes her Harpo production and King World stake, plus future deals with ABC stations and film projects.
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Notable American tycoons and media magnates listed
The list names Warren Buffett as the richest, with a fortune around $11.8 billion. It includes Amway partners, Magic owner ventures, publishing and cable TV magnates like Newhouse, and the Waltons led by Helen Walton, widow of Sam Walton who built Wal-Mart.
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Wal-Mart
Cleveland Rises as Chicago’s Little Brother on the Comeback
Cleveland, once battered by Rust Belt decline and white flight, is touted as revived by a new downtown boom. The Indians reached the playoffs for the first time in 41 years, with landmarks like Jacobs Field and the Rock and Roll Hall of Fame drawing attention.
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Nevada tops growth as Las Vegas area surges
Census figures show the Las Vegas metropolitan area rising 26.2 percent to 1 076 267 residents from 1990 to mid-1990s, with Henderson up 57 percent to 101 997. Nevada becomes fastest growing state amid wider national metro gains and cheap housing attracting movers from California.
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U.S
CompuServe to Accept Advertising in October
CompuServe will begin taking advertisements in October as it faces pressure to lower subscription rates and compete with Internet access firms. The move positions CompuServe as the last major online service to introduce ads, affecting many longtime subscribers.
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New York
CompuServe
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